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Does Tower Hill Insurance Provide Foundation Stabilization Coverage?

Yes, Tower Hill Insurance typically provides coverage for foundation stabilization, though it is specifically linked to verified sinkhole loss.

According to the provided content, stabilization is addressed in the following ways:

  • Coverage Triggers: Under a standard policy, structural repairs and foundation stabilization may be covered if a licensed engineer verifies that sinkhole activity is the direct cause of the damage.
  • Repair Methods: Once a claim is approved, the insurer often specifies advanced stabilization solutions. A common method mentioned is the installation of helical pier systems (also known as screw piles), which stabilize the structure by transferring its weight to deep, load-bearing soil.
  • Requirements for Payment: To ensure the stabilization costs are reimbursed, policyholders must coordinate closely with the insurer. This includes providing an engineer-stamped repair plan and a final as-built pier log upon completion of the work.
  • Deductibles: It is important to note that sinkhole-related foundation stabilization is subject to a specific deductible, typically ranging from 2% to 10% of the dwelling coverage limit.

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